The Graveyard › Banks › 1990
Southeastern Federal Savings Bank
Laurel, MS · failed April 20, 1990 · FDIC certificate 31897
Southeastern Federal Savings Bank of Laurel, MS failed on April 20, 1990. It opened in 1974, 16 years before. At its last report before that it held $49.8 million in assets and $38.4 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $59.2 million. The FDIC estimates that the Resolution Trust Corporation lost $8.9 million on it.
1984-031990-03
Assets at the end$49.8 millionlast report before April 20, 1990
Deposits at the end$38.4 million
Estimated loss to the fund$8.9 millionRTC
Largest in the quarterly reports$59.2 millionJune 30, 1988
Equity to assets-0.7%March 31, 1990
Loans not being repaid3.0%noncurrent, March 31, 1990
Return on assets-5.31%a year's rate, March 31, 1990
Staff30full time, March 31, 1990
Also ended in 1990
- Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
- Franklin Fsa · Ottawa · $9.3 billion in assets
- Centrust Bank, SB · Miami, FL · $8.2 billion in assets
- Empire of America FSB · Buffalo, NY · $8.2 billion in assets
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.